@Emeka OkekeIt's great to see your commitment to learning and networking—those are key to success in real estate.

Until recently, I never really sat down and seriously committed myself to it, but now I'm all in, dedicated to learning everything possible before taking the plunge.

Poor or No Communication PlatformsEffective co-living communication platforms are characterized by:1) usability2) accessibility3) commitment of involvementThis can be done through house email lists, whiteboard, group texts, etc.

House hacking is such a smart strategy, and your commitment to shifting your mindset is so admirable.

First off, has the developer provided you with a term sheet (not a commitment) from a bank showing they'd lend 75% LTC on a mixed-use development?

I’m also open to exploring short-term rentals, private lending, or passive investing in funds—anything that maximizes returns while keeping risk and time commitments manageable.For context, I’d consider leaving my job if this could become a full-time venture that surpasses my current compensation (low-mid six figures).

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

You need to be very committed to this if you move forward.

Now, I didn't say don't do SubTo, what I clearly said was learn the ropes before committing to a property.

I will send them guidelines as to what is needed in the title commitment and in the insurance policy.Once all that prelim stuff is out of the way, the most important thing to do in a bridge loan is tackle the rehab budget because you can not order the appraisal until the rehab budget is complete.